US EditionTrump says pharma, chips tariffs coming in ‘next week or so’
UNITED STATES, AUG 5 – Tariffs will start small and rise to 250% within 18 months to encourage domestic drug manufacturing amid concerns over national security and supply chain risks.
- US President Donald Trump announced tariffs on semiconductor and pharmaceutical imports will be revealed within the next week or so as part of a trade policy shift.
- President Donald Trump stated tariffs on pharmaceuticals would start small but increase to 250 percent over time to encourage domestic manufacturing of medicines.
- The US Department of Commerce has been investigating the semiconductor market since April, leading to potential tariffs on an industry generating nearly US$700 billion globally.
- The US trade deficit narrowed by 16% in June, reaching $60.2 billion, indicating reduced imports after a recent surge.
175 Articles
175 Articles
Trump Threatens Pharma With Potential 250% Tariffs In 18 Months: 'We Want Pharmaceuticals Made In Our Country' - AbbVie (NYSE:ABBV), Amgen (NASDAQ:AMGN)
President Donald Trump has indicated the possibility of imposing tariffs on imported pharmaceuticals that could rise up to 250%, indicating the highest rate he has proposed so far. President Trump shared his plans to initially impose a “small tariff” on pharmaceuticals, with the goal of raising it to 150%, and eventually to 250% within a year to 18 months, on CNBC's "Squawk Box" on Tuesday. The move is part of his broader strategy to encourage d…
Trump Teases Massive Tariffs for Pharma
“President Trump plans to levy a stepwise series of pharmaceutical tariffs that could reach 150% within a year and a half, then rise to 250%,“ Axios reports.“It's the highest tariff rate the president has threatened the industry with to date while he also presses major manufacturers to com
Trump signals fresh US tariffs on pharma and chips, warns of 250pc duty on drug imports
WASHINGTON, Aug 6 — US President Donald Trump signaled yesterday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled within the coming week, as a cascade of incoming duties promises to reshape global trading ties.Governments around the world are bracing as new waves of US tariffs are due to take effect this week, first on many Brazilian products Wednesday and then on dozens of other economies—including the Europea…
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